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|Shares of LNG Now Oversold
Wednesday, October 26, 11:38 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Cheniere Energy Inc. (LNG) entered into oversold territory, changing ...
Reminder - Targa Resources (TRGP) Goes Ex-Dividend Soon
Thursday, October 27, 9:59 AM ET, by Market News Video Staff
On 10/31/16, Targa Resources Corp (TRGP) will trade ex-dividend, for its quarterly dividend of $0.91, ...
Analysts Expect MLPA Will Reach $13
Monday, October 31, 9:37 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
SN Makes Notable Cross Below Critical Moving Average
Monday, October 31, 11:19 AM ET, by Market News Video Staff
In trading on Monday, shares of Sanchez Energy Corp. (SN) crossed below their 200 day ...
Shares of CPE Now Oversold
Monday, October 31, 11:26 AM ET, by Market News Video Staff
In trading on Monday, shares of Callon Petroleum Co. (CPE) entered into oversold territory, changing ...
Atlas Pipeline Partners LP (APL) Shares Enter Overbought Territory
By Energy Stock Channel Staff, Thursday, October 27, 4:03 PM ET
In trading on Thursday, shares of Atlas Pipeline Partners LP (APL) entered into overbought territory, changing hands as high as $34.85 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70.
In the case of Atlas Pipeline Partners LP, the RSI reading has hit 70.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 61.6, the RSI of WTI Crude Oil is at 62.2, and the RSI of Henry Hub Natural Gas is presently 39.5.
A bearish investor could look at APL's 70.1 reading as a sign that the recent heavy buying is in the process of exhausting itself, and shares are due for a pullback.
Looking at a chart of one year performance (below), APL's low point in its 52 week range is $19.40 per share, with $37.90 as the 52 week high point — that compares with a last trade of $34.80. Atlas Pipeline Partners LP shares are currently trading up about 4.4% on the day.
According to the ETF Finder at ETF Channel, APL makes up 1.58% of the Dynamic Energy Sector Portfolio ETF (AMEX:PXI) which is trading higher by about 5.9% on the day Thursday.
See what other ETFs contain APL »
See what other stocks are held by PXI »
APL operates in the Oil & Gas Equipment & Services sector, among companies like Spectra Energy Partners LP (NYSE:SEP) which is trading flat today, and Sunoco Logistics Partners L.P. (NYSE:SXL) trading relatively unchanged. Below is a three month price history chart comparing the stock performance of APL, versus SEP and SXL.
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